Israel emerged largely unscathed from Iran’s vengeance on Saturday, but the same may not be true for American motorists. Although Israel sustained slight damage from the roughly 300 drones and missiles Iran launched at it, Iran’s activities are likely to add to oil market jitters that would become even worse if Israel responds and counter-attacks […]
A major Midwest oil refinery will be shutting down temporarily, according to a new report, even as gas prices are already rising. “A source tells me a full turnaround (shutdown) at ExconMobil’s Joliet, IL refinery will begin imminently and is planned to last ~50 days,” Gas Buddy’s Patrick De Haan posted on X. “This refinery […]
The United States reached an unprecedented milestone in domestic oil production, hitting a record-setting figure in September 2023. New reports from the U.S. Energy Information Administration (EIA) highlighted that the nation produced 13,247,000 barrels of crude oil per day, showcasing a historic record in global energy production. Remarkably, the record was surpassed in subsequent months, […]
The absolutely, positively last thing Joe Biden wants to see before the election is a rise in gasoline prices at the pump. Nothing would be more damaging to his re-election chances than reminding people about his failed energy policies. Ukraine is fighting for its existence as an independent country. […]
An oil industry advocacy group has filed a lawsuit in response to the Biden administration’s decision to limit offshore oil and natural gas leases. The lawsuit from the American Petroleum Institute comes as oil prices rose Tuesday amid concerns over conflicts in the Middle East, according to CNBC, which noted prices rose 6 percent last […]
LONDON (AP) — Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and natural gas prices, which had surged the year before in the wake of Russia’s invasion of Ukraine. In a statement Thursday, London-based Shell said its post-tax earnings fell 29%, to $28.3 billion from […]
Oil companies can never totally appease the environmentalists, but that doesn’t stop them from trying — even if those attempts yield disastrous results. According to a report from the Wall Street Journal, U.S. oil drillers are attempting to go electric, but they keep running into significant problems. Namely, they keep running out of electricity. While […]
Plans by former President Donald Trump to gut President Biden’s climate-and-spending law if he returns to the White House have made strange bedfellows of big corporations and Democrats. Source link
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